Liquid Nitrogen Market Report by Technology (Cryogenic Distillation, Pressure Swing Adsorption, and Others), Function (Coolant, Refrigerant), Storage Type (Cylinders and Packaged Gas, Merchant Liquid/Bulk, Tonnage, and Others), End User (Chemicals and Pharmaceuticals, Food and Beverage, Healthcare, Metal Manufacturing and Construction, Rubber and Plastic, and Others), and Region 2024-2032

Liquid Nitrogen Market Report by Technology (Cryogenic Distillation, Pressure Swing Adsorption, and Others), Function (Coolant, Refrigerant), Storage Type (Cylinders and Packaged Gas, Merchant Liquid/Bulk, Tonnage, and Others), End User (Chemicals and Pharmaceuticals, Food and Beverage, Healthcare, Metal Manufacturing and Construction, Rubber and Plastic, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4423
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Market Overview:

The global liquid nitrogen market size reached US$ 19.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 30.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 19.4 Billion
Market Forecast in 2032
US$ 30.9 Billion
Market Growth Rate 2024-2032 5.2%


Liquid nitrogen (LN) is a dry, condensed, scentless, inert and non-combustible cryogenic liquid used for rapid freezing. It is produced in air separation and liquefaction plants through cryogenic distillation and pressure swing adsorption processes and is usually stored in LN dewars, cryogenic liquid cylinders and cryogenic tanks. LN aids in rapid cooling and temporary shrinking of mechanical gears and components during machine assembly for improved intrusion fits. It is also used for cryosurgeries, cryotherapies and cryopreservation procedures to remove decayed tissues, warts, moles, skin tags and pre-cancerous cells in the body. LN also finds extensive applications for the freezing of food and beverages and creating an aesthetic cloud of vapor or fog over dishes in fine-dine restaurants, cafes and hotels.

Liquid Nitrogen Market

Liquid Nitrogen Market Trends:

The increasing demand for cryogenic liquids for metal fabrication and manufacturing of electronics, healthcare, automotive and lighting systems is one of the key factors driving the market growth. LN is widely used as a coolant to prevent additional heat generation during the grinding process resulting in minimal corrosion and high-quality and uniformly sized ice particles. Moreover, the widespread adoption of LN as an organic additive for the development of generics, therapeutic medicines and active pharmaceutical ingredients is providing a thrust to the market growth. In line with this, significant growth in the food and beverage industry is also favoring the market growth. LN is widely used for rapid cooling freezing of bakery products, meat, poultry, fish, prepared meals, vegetables and fruits while retaining their original color, scent and flavor. Other factors, including rapid industrialization, along with the launch of innovative LN-compatible automobile engines for minimal carbon emissions, are anticipated to drive the market toward growth.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global liquid nitrogen market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, function, storage type and end-user.

Breakup by Technology:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Cryogenic Distillation
  • Pressure Swing Adsorption
  • Others
     

Breakup by Function:

  • Coolant
  • Refrigerant
     

Breakup by Storage Type:

  • Cylinders and Packaged Gas
  • Merchant Liquid/Bulk
  • Tonnage
  • Others
     

Breakup by End User:

  • Chemicals and Pharmaceuticals
  • Food and Beverage
  • Healthcare
  • Metal Manufacturing and Construction
  • Rubber and Plastic
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide S.A., Air Products and Chemicals Inc., AMCS Corporation, Asia Industrial Gases Pte. Ltd., Cryomech Inc., Gulf Cryo, Linde plc, Messer Group GmbH, Statebourne Cryogenics Ltd and Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technology, Function, Storage Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Liquide S.A., Air Products and Chemicals Inc., AMCS Corporation, Asia Industrial Gases Pte. Ltd., Cryomech Inc., Gulf Cryo, Linde plc, Messer Group GmbH, Statebourne Cryogenics Ltd, Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global liquid nitrogen market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global liquid nitrogen market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the storage type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global liquid nitrogen market and who are the key players?
  • What is the degree of competition in the industry?

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Liquid Nitrogen Market Report by Technology (Cryogenic Distillation, Pressure Swing Adsorption, and Others), Function (Coolant, Refrigerant), Storage Type (Cylinders and Packaged Gas, Merchant Liquid/Bulk, Tonnage, and Others), End User (Chemicals and Pharmaceuticals, Food and Beverage, Healthcare, Metal Manufacturing and Construction, Rubber and Plastic, and Others), and Region 2024-2032
Purchase Options Year End sale




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